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Dec 30, 2012
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there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off...
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Jan 1, 2013
01/13
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is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right in front of that crystal ball, my friends and colleagues, megyn kelly and bill hemmer. hi, guys. >> hey, bret. it's new year's eve. >> bret: how are you? >> we are doing fine. i think these are one of the many days, bret, no offense, we are thankful we live in new york city and not washington, d.c. >> did you draw the short straw or what, brother? >> bret: , we did a special report and thought this is great. we will do a live 8:00 p.m. and be all set and then. >> go home with the kids and hang out with the wife, you know. >> i
is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right...
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Dec 28, 2012
12/12
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stocks hanging on every word regarding the fiscal cliff. what is the safest way to plan the market right now? prudential strategist quincy crosby shares her dos and don'ts. we want to check 10 and 30 year treasuries to see how the yields are doing. adam: i am adam shapiro, crisis averted, union representing dockworkers and shippers resell labor agreement averting a strike that could have crippled the economy. the international longshoremen's association and the u.s. maritime alliance have agreed to exteed the current contract 30 days to finalize details of the agreement. peers and is acquiring a 5% stake in barnes and noble's no canadian unit worth $8 million. shares of the bookstore chain out today as much as 9% on that news. the media unit consists of the digital business and 674 college bookstores throughout the united states. sources tell reuters blackstone group will keep its money despite a federal insider-trading probe into that hedge fund. the asset management arm of blackstone has $550 million in debt. that is the latest from the f
stocks hanging on every word regarding the fiscal cliff. what is the safest way to plan the market right now? prudential strategist quincy crosby shares her dos and don'ts. we want to check 10 and 30 year treasuries to see how the yields are doing. adam: i am adam shapiro, crisis averted, union representing dockworkers and shippers resell labor agreement averting a strike that could have crippled the economy. the international longshoremen's association and the u.s. maritime alliance have...
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Dec 27, 2012
12/12
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a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings instituti
a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing...
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Dec 27, 2012
12/12
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that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. teachers in utah are going to class today. starting at noon today, 200 teachers will be at a conference near salt lake
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans......
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Dec 31, 2012
12/12
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the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are saying this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has been relatively calm sort of expecting a deal, expecting that lawmakers wil
the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are saying this whole...
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Dec 28, 2012
12/12
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make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the moment the politicians place their reelection and their career ahead of their party in the country, we want to reverse, we want the country to come first and that is the only way they can do it. the tea party has been very effective in targeting tax you see being argued now in congress and the house. with the republican party, the wrong target. the tea party in my view should be targeting single term limits for all politicians. dennis: even if selfless members of congress voted for a single term limits don't you worry that they wouud be a bunch of amateurs and only basically getting their ea legs by the end of
make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the...
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Dec 31, 2012
12/12
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that gives you roughly $200 billion and that is exactly the scaling we have to take of a fiscal cliff. it is a gradual bunny slope so the economy can grow close to 3% this year. they are so very close with the two or three last pieces and then you go to the grand bargain where you can, robert, bring back in the chained cpi which the president had recommended. that is where you get the $3 trillion of debt reduction to have sustainable debt-to-gdp ratio. >> we're not going to get anything settled -- let me read this. polls consistently show strong public support for raising taxes on the mg airs and billionaires obama kept talking about and most americans are more inclined to blame congressional regimes. so do democrats have the advantage right now? >> he does. we've had this national conversation after the past 14 months. to the president's credit he has been very clear and transparent about raising taxes on individuals making a certain income level. the question then becomes, where do the republicans fit into this? i'll remind you and the audience the republicans got re-elected to the
that gives you roughly $200 billion and that is exactly the scaling we have to take of a fiscal cliff. it is a gradual bunny slope so the economy can grow close to 3% this year. they are so very close with the two or three last pieces and then you go to the grand bargain where you can, robert, bring back in the chained cpi which the president had recommended. that is where you get the $3 trillion of debt reduction to have sustainable debt-to-gdp ratio. >> we're not going to get anything...
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Dec 29, 2012
12/12
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right now, the country's attention and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as no different than -- make us no different than the house of representatives, and of course would reduce us in many respects not to irrelevance in the minority party. here is the problem. on one side, the majority leader and the democrats are frustrated by their inability to move forward with legislation. every time there is an opposition to a motion to proceed, which takes days and then they proceed, and that has made the united states congress -- one of the reasons why the united states congress is judged the least productive congress since the year 1947. so, understandably the majority is frust
right now, the country's attention and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as...
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Dec 28, 2012
12/12
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but if talks fail, would the fiscal cliff and a port strike be a one-two punch to the economy? "if its a couple of days, i think ultimately it would be a blip on the radar, but if it goes two weeks, it becomes a much greater problem." a key sticking point involves a fee longshoremen receive for each container that arrives in port. the container royalty fee was invented to help offset the need for fewer workers during the transition from bulk cargo to containers in the 1950s and 60s. shippers want the fee limited. longshoremen disagree. "it can be $15,000 per person. $200 million a year added to the cost of goods. that's a very significant number." if there's no compromise, a strike could leave goods headed for ports from boston to houston at sea and retailers with a headache. "if you have a container ship delayed two weeks, do you divert it to the west coast? that's an expensive option." and presidential intervention - unlikely. "i don't think president obama will get involved. it would be 'a betrayal' of organized labor." speaking of large travelers across oceans, ship traffic
but if talks fail, would the fiscal cliff and a port strike be a one-two punch to the economy? "if its a couple of days, i think ultimately it would be a blip on the radar, but if it goes two weeks, it becomes a much greater problem." a key sticking point involves a fee longshoremen receive for each container that arrives in port. the container royalty fee was invented to help offset the need for fewer workers during the transition from bulk cargo to containers in the 1950s and 60s....
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Dec 29, 2012
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cliff could have on this country's economy. prior to the president's statement, the gloomy outlook for a deal was evident on wall street. the dow fail 158 points or 1.2% to settle at 12,938. fifth straight day of decline on the street. i would like to bring in david nakamura of "the washington post" and david jackson of "usa today." how conscious are our leaders in d.c. of the ripple effect this could have and how conscious are consumers of what might be about to hit them? >> well, the white house is very conscious of it it. they may have the political advantage of this deal, but the fiscal cliff could tip the country back into a recession. consumers are worried they'll start to pick up on the news and once it hits their paychecks they'll definitely feel it. >> do you think the consumers are paying as close attention as we'd like to think that they are. i think they are even though it's holiday time and going back to businesses and i was at the white house when president obama had a series of businesses with small business and
cliff could have on this country's economy. prior to the president's statement, the gloomy outlook for a deal was evident on wall street. the dow fail 158 points or 1.2% to settle at 12,938. fifth straight day of decline on the street. i would like to bring in david nakamura of "the washington post" and david jackson of "usa today." how conscious are our leaders in d.c. of the ripple effect this could have and how conscious are consumers of what might be about to hit them?...
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Dec 31, 2012
12/12
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cliff and the i am fact it could have on the economy and the stock market. >>> well, it's hard to speculate on the markets. obviously business and investors are going to feel negative about the economy. if you look at the projections of 2013 people felt the economy would continue to grow unemployment would continue to tick down housing would continue to improve but what has been holding us back is the dysfunction in washington. if people start seeing that on january 1st this problem still hasn't been solved we haven't seen the kind of self sit reduction we could have had had the republicans been willing to take the deal that i gave them if they say that people's taxes have gone up which means con souler spending is going to be depressed then obviously that's going to have an adverse reaction on the markets. >> the markets will be opening 90 minutes before negotiations are set to resume. we will have a live preview on bank on this coming up with lauren simonetti. >> time now for your 5@5:30. the top five stories making news for you at this hour. another scathing report released on the bengha
cliff and the i am fact it could have on the economy and the stock market. >>> well, it's hard to speculate on the markets. obviously business and investors are going to feel negative about the economy. if you look at the projections of 2013 people felt the economy would continue to grow unemployment would continue to tick down housing would continue to improve but what has been holding us back is the dysfunction in washington. if people start seeing that on january 1st this problem...
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Dec 26, 2012
12/12
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guest: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a politician. i do not believe that the republicans will give the president merely a tax increase on people over $250,000. there are not able to push that through the house with some spending cuts. that does not seem to make much sense. host: peter will be here for 40 minutes taking your calls and tweets about the u.s. economy. we continue to take a look at economic matters. our guest recently wrote about the debt limit. the headline in "the boston globe" -- do you agree with that sentiment? guest: i would hope it would not threaten the economy again. it is all bound up in this i
guest: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a...
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Jan 1, 2013
01/13
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the senate passed a bill on the fiscal cliff but does it solve the problem? if the house gives it's stamp of approval what does this peen for the economy? let's ask the policy maker lynn brooks. >> this is a stopgap measure for the tax hikes that take place today. some of it revisited in a few months. some parts would be permanent if the house passes it such as the tax rates? >> that's right. ever since 2001 when we first passed this it was temporary. that's why we are having the cuts now and having it today. it is hard to grow and invest when you don't know what the income tax rate is going to be. you don't know what the debt tax is going to be. this is one positive thing on the bill the spending side is a different story. it's a step in the right direction on tax polil but in terms of spending it gets us nowhere in the right direction. which hit our debt ceiling we will be talking this the next few months. the bill doesn't have a lot of spending cuts into it on balance it increases spending explain some of the areas where it does that. >> the big part of th
the senate passed a bill on the fiscal cliff but does it solve the problem? if the house gives it's stamp of approval what does this peen for the economy? let's ask the policy maker lynn brooks. >> this is a stopgap measure for the tax hikes that take place today. some of it revisited in a few months. some parts would be permanent if the house passes it such as the tax rates? >> that's right. ever since 2001 when we first passed this it was temporary. that's why we are having the...
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Dec 24, 2012
12/12
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now infamous fiscal cliff. members of congress are still pointing fingers over who is to blame for the lack of progress. to prevent the tax hikes and spending cuts from aching effect january 1st. meanwhile, connecticut's independent senator, joe lieberman, expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's the first time that i feel like it's more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks. they're due back later in the week. one possibility in all of this mess is a partial deal on taxes while putting off agreement on spending until some time down the road. >>> former president george h.w. bush may be spending christmas in the hospital. he's been there since thanksgiving. he's battling bronchitis and a lingering cough. doctors say he's in stable condition but needs to
now infamous fiscal cliff. members of congress are still pointing fingers over who is to blame for the lack of progress. to prevent the tax hikes and spending cuts from aching effect january 1st. meanwhile, connecticut's independent senator, joe lieberman, expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's the first time that i feel like it's more likely that we'll go over the cliff than not. if we allow that to happen, it will...
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Jan 1, 2013
01/13
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john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from tax increase tomorrow. there are a number of issues on which the two sides are still apart, negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate on upper income people at 39.6%. the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals, and $10 million fo
john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and...
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Dec 29, 2012
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. i have a cold, and i took nyquil, but i'm still "st
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest....
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Dec 28, 2012
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that is the bulk of the fiscal cliff anyway and it is also the bulk of the impediment to the economy. so if you were thinking where is this going to lead us, what happens if we go off the cliff, i would estimate that in the short run it would probably cost us up to about a point of gdp which is about a half million jobs. in the long run it could cost about a half percentage point of growth every year. so, you know, this is the kind of thing that is really quite serious in terms of its impact on standard of living over the long haul. and we really need to get this right. it is not the kind of thing we can do in the next couple days i'm afraid. >> half a million jobs, whether half or a whole million jobs, that is a significant number. a big hit to the labor market. are you saying recession or not? >> well, you know, again, it depends on what the baseline is. i'm not sure we'd actually call it a recession, but just losing a percentage point of growth is significant whether it puts us in through recession or not. if we go -- remember our growth rate has only been about 2%. if we cut our g
that is the bulk of the fiscal cliff anyway and it is also the bulk of the impediment to the economy. so if you were thinking where is this going to lead us, what happens if we go off the cliff, i would estimate that in the short run it would probably cost us up to about a point of gdp which is about a half million jobs. in the long run it could cost about a half percentage point of growth every year. so, you know, this is the kind of thing that is really quite serious in terms of its impact on...
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Dec 29, 2012
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economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here
economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate...
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. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victims. some conservatives want the government
. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in...
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Dec 29, 2012
12/12
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power...
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Dec 26, 2012
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nuclear disaster. >>> six days to go before the fiscal cliff deadline and tomorrow could be make or break in determining if we steer clear or go over the edge. president obama is cutting his hawaiian vacation short and is leaving tonight and will be back tomorrow. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he says it's a way to send elected official as a respectful but potent message, urging them to come together to fin common ground. not grounds, ground. >> all of the bickering in washington, all it will take is a cup at starbucks, i think it will push everybody over the edge. get a deal. >>> ahead, a u.s. marine who languished in a mexican prison for months, gets to spend the holidays at home with his family. >>> coming up, we'll talk to one of the lawmaker who's helped win his release. you're watching "starting point." ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's b
nuclear disaster. >>> six days to go before the fiscal cliff deadline and tomorrow could be make or break in determining if we steer clear or go over the edge. president obama is cutting his hawaiian vacation short and is leaving tonight and will be back tomorrow. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he...
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Dec 30, 2012
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caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go to the g-7 or the 20 and explain that western civilization is in debt so far that it is never going to get out of it unless we abandon these world trade rules, everybody go home to their own country, and do with the need to do to get back on the even keel with their financing. host: are using the u.s. should pull back from its international commitments and focus more on -- more on home? caller: i would suggest that other western countries do the same thing. the president should have his staff identify the most labour intensive products that we purchased here in the u.s. and stop importing them. he should say, for example, the automotive parts and automobiles -- six months from now, he should say, we're not going to allow any imports. the creek investors -- greedy investors will go to work and start making plans and getting plants to fill that void. by that time, i am at number two with the heavies
caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go to the g-7 or the 20 and explain that western civilization is in debt so far that it is never going to get out of it unless we abandon these world trade rules, everybody go home to their own country, and do with the need to do to get back on the even keel with their financing. host: are using the u.s. should pull...
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Dec 31, 2012
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could mean for the economy and washington. >>> if lawmakers force the economy off the fiscal cliff, over 2 million jobs will be at risk, including over 956,000 small business jobs from supplier companies and mom and pop stores. er ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> while europe has been trading in large part around what we're going to do or won't to in this country, that's driven trading overnight in asia. >> but you tonight have pan i go. you have an absence of panic on both sides. many european markets today didn't open at all. half days in the like of london, for example. similarly over in spain and in amsterdam, they also had a half day today. and it was a negative bi
could mean for the economy and washington. >>> if lawmakers force the economy off the fiscal cliff, over 2 million jobs will be at risk, including over 956,000 small business jobs from supplier companies and mom and pop stores. er ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger...
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the latest technology. the clock is ticking. so hurry to the final 100 hours of ford's year end celebration. before everything's gone. and one more thing...hurry. get a focus with 2000 cash plus 500 year end bonus cash with no charge sync and sound during the final hundred hours of the ford year end celebration. only at your local ford dealer. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you n
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the...
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Dec 31, 2012
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if we go over the fiscal cliff, the risk to the economy is strong. there is it to families is real. it is as if politicians are playing tug of war. as soon as we get through the fiscal cliff -- the hope is we would replace the fiscal cliff with real policies that would keep us from going over it. now looks as though we're not going to be able to do anything to tackle the challenges right now. the partisan environment is getting worse and worse. that leaves us with questions about whether these guys can govern. host: front page of "the new york times." let me read a few points. "more difficult to reach a compromise." guest: that is absolutely true. i feel we're watching a game of finger-pointing and not much else. both sides are pointing fingers and shouting it is the other guy's fault. what if any other business environment worked this way instead of solving the problems and working together? the toxic environment calls into question when we of challenges or other important issues -- can the american political system step up and deal with sit? the answer is not very well. we feel sa
if we go over the fiscal cliff, the risk to the economy is strong. there is it to families is real. it is as if politicians are playing tug of war. as soon as we get through the fiscal cliff -- the hope is we would replace the fiscal cliff with real policies that would keep us from going over it. now looks as though we're not going to be able to do anything to tackle the challenges right now. the partisan environment is getting worse and worse. that leaves us with questions about whether these...
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Dec 30, 2012
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he will tell us what the efforts are to keep the nation's economy from plunging off the so-called fiscal cliff into the higher taxes and deep spending cuts moments away. plus, an enormous drug smuggling tunnel discovered under a suburban home. wow. where this was located. and the clue that up ited off police. that tipped off police. >>> some families now in america living in limbo after russian president vladimir putin signed a laurie sphricting them from adopting children. they called it retaliation for a law that targets human rights violators. basically it is a political game with little children caught in the middle. right now few are hurting more than those families already matched with orphans and waiting to bring them home. melissa cutler from kdfw in dallas has more. >> we hoped she would get to come home for christmas. we are hoping now it is her valentine dress. >> they were just two months away from making a five-year-old russian girl with down syndrome a part of their family. >> she is not hard to love. not at all hard to love. >> they plan to rename her anna faith. >> most o
he will tell us what the efforts are to keep the nation's economy from plunging off the so-called fiscal cliff into the higher taxes and deep spending cuts moments away. plus, an enormous drug smuggling tunnel discovered under a suburban home. wow. where this was located. and the clue that up ited off police. that tipped off police. >>> some families now in america living in limbo after russian president vladimir putin signed a laurie sphricting them from adopting children. they called...
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Dec 29, 2012
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cliff is essentially taking the foot off the gas, putting two feet on the brake pedal and standing up. that is not what we want to do. the question is finding the right balance that still supports a vulnerable economy, yet begins the process to renormalize the revenue level of the federal government. host: now we've got the tweet from a fussy liberal. it says it's time to be a liberal and -- host: how much of the fiscal crisis can be attributed to the war into the afghanistan that were not part to the original budget? caller: it is -- guest: it is instructive to go back. if you look at the current deficit over $1 trillion, still a majority of that is related to the recession that began in 2008. however, it is certainly true that going into that recession, we were dealing with structural deficits that were result-a-result of tax cuts initiated during the bush administration and higher spending levels as well. and so you know, all of those play a role and it's certainly true that at the end of the day, more or less, what we decide to spend as a society, as a government, we have to then
cliff is essentially taking the foot off the gas, putting two feet on the brake pedal and standing up. that is not what we want to do. the question is finding the right balance that still supports a vulnerable economy, yet begins the process to renormalize the revenue level of the federal government. host: now we've got the tweet from a fussy liberal. it says it's time to be a liberal and -- host: how much of the fiscal crisis can be attributed to the war into the afghanistan that were not part...
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economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts will be large. if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollar
economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes...
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we have retail and economy news. everyone talking about fiscal cliff, taxes going up. a little detail not many people talking about, but will get their attention if you say your milk prices could double, triple? >> got milk, t.j.? talking about the dairy cliff. and the conchalgressional agricultural committee will come together. the price of milk will increase. right now, a gallon of milk about $3.50. set to go up to -- get this. $8 by january. if this new man isn't implemented. part of the talks that's going on with the president. they hope this will move forward. nobody wants the price of milk to be drink up. >> farm bill, it maybe goes over their heads. but i tell somebody that $8 for a gallon, they pay attention. >> this is a farm bill they really want to concentrate on. who wants to pay $8 a gallon for milk. >> this isn't the only thing that could shoot up. >> right. we're also talking about grocery prices too. about 12 different items will go up in 2013. some of the main ones, fwrogroc prices up 4%. the reason why, remember the drought that happened last summer,
we have retail and economy news. everyone talking about fiscal cliff, taxes going up. a little detail not many people talking about, but will get their attention if you say your milk prices could double, triple? >> got milk, t.j.? talking about the dairy cliff. and the conchalgressional agricultural committee will come together. the price of milk will increase. right now, a gallon of milk about $3.50. set to go up to -- get this. $8 by january. if this new man isn't implemented. part of...
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cliff talks? guest: it is negative. if they do not get -- they spend less, and that is bad for the economy. we know what the congressional budget office said. the $30 billion cost of extending these programs would generate $33 billion. that is because this money trickles through the system. that money is spent on food, housing, heating, all of those basic necessities and give us a multiplier effect. host: this is from the national unemployment law program. nearly 1 million workers will run out of state unemployment benefits without access by the end of the first quarter of 2013. take us through those numbers a little bit, and specifically that 1 million more workers, how they would be impacted. guest: there are two fundamental programs. the important thing about them, this is really what counts in this, is that they provide those additional benefits at that six- month mark. if workers don't get those additional benefits, and they will be forced into other kinds of government programs, like welfare
cliff talks? guest: it is negative. if they do not get -- they spend less, and that is bad for the economy. we know what the congressional budget office said. the $30 billion cost of extending these programs would generate $33 billion. that is because this money trickles through the system. that money is spent on food, housing, heating, all of those basic necessities and give us a multiplier effect. host: this is from the national unemployment law program. nearly 1 million workers will run out...
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he will tell us what the efforts are to keep the nation's economy from plunging off the so-called fiscal cliff into the higher taxes and deep spending cuts moments away. plus, an enormous drug smuggling tunnel discovered under a suburban home. wow. where this was located. and the clue that up ited off police. that tipped off police. [ male announcer ] wouldn't it be cool if we took the already great sentra apart and completely reimagined it with best-in-class combined mpg, and more interior room than corolla and civic? and a technology suite with bluetooth, navigation and other handy stuff? yeahthat would be cool. introducing the all-new nissan sentra. it's our most innovative sentra ever. nissan. innovation that excites. now get a $169-per-month lease on a 2013 nissan sentra. ♪ c'mon0manp just do it,quick.ú no one's watchingp you0have to if you want to hang with0us ♪musicú good job america living in limbo after russian president vladimir putin signed a laurie sphricting them from adopting children. they called it retaliation for a law that targets human rights violators. basically
he will tell us what the efforts are to keep the nation's economy from plunging off the so-called fiscal cliff into the higher taxes and deep spending cuts moments away. plus, an enormous drug smuggling tunnel discovered under a suburban home. wow. where this was located. and the clue that up ited off police. that tipped off police. [ male announcer ] wouldn't it be cool if we took the already great sentra apart and completely reimagined it with best-in-class combined mpg, and more interior...
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. >> eric: thousands of jobs and billions of dollars are at stake but this is no fiscal cliff. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect ever
. >> eric: thousands of jobs and billions of dollars are at stake but this is no fiscal cliff. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports....
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. >> as we avoid the fiscal cliff and the economy picks up, and big ifs, which industries stand to add the most job? rick newman is here for u.s. news and world report. rick, nice to meet you. >> hi, how are you doing? >> you gave us a list, and interesting to pull out the theme. social networking sites, video game publishing, online payment, definitely a theme here where the growth is at. >> heard this the last couple years, obviously, it's digital, digital, digital, and real estate on the list as well. social networking. it's not a 235d, but -- a fad, but here to stay, and mobile devices, social networks follows. news sites too, not just facebook and twitter, but pinterest. there's smaller ones, niche sites, but the trends is here to stay. >> sustainable building materials, huh? >> i hate to tell you, but it's growing, and it is growing because state and local governments have new standards, not because of washington, anything happening in washington. it's not a stimulus plan, don't worry, but it's new standards. state and local governments needs buildings to be energy first time in
. >> as we avoid the fiscal cliff and the economy picks up, and big ifs, which industries stand to add the most job? rick newman is here for u.s. news and world report. rick, nice to meet you. >> hi, how are you doing? >> you gave us a list, and interesting to pull out the theme. social networking sites, video game publishing, online payment, definitely a theme here where the growth is at. >> heard this the last couple years, obviously, it's digital, digital, digital,...
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back to the fiscal cliff and what it means for the economy. speaking of the other shoe dropping. early this morning the senate passing a bill. what is in it and what happens when it hits the house later today? joining us stephen moore, senior writer for "wall street journal" happy new year. good to see you. >> you too, rick. rick: what do you think?. >> you ask a question what is in the bill. a lot of members don't know. rick: they're probably reing it right now. >> i was up to the wee hours of the morning trying to read the 150 page bill. amazing little items. tax give aways for nascar, for the wind industry, for biodiesel, for movie producers. those are small items. but the big items are the taxes that will affect 100 million americans. and you know, there were a lot of rate changes everything from the capital gains rate to the estate tax, to the dividend tax and of course personal income, tax rates. rick: was there, anything, steve, that jumped out at you specifically when you were reading it this morning you thought, gee, i can't believe the be republicans went for that, or i
back to the fiscal cliff and what it means for the economy. speaking of the other shoe dropping. early this morning the senate passing a bill. what is in it and what happens when it hits the house later today? joining us stephen moore, senior writer for "wall street journal" happy new year. good to see you. >> you too, rick. rick: what do you think?. >> you ask a question what is in the bill. a lot of members don't know. rick: they're probably reing it right now. >>...
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economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people are just tired of partisanship and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to a
economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to...
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. >>> only one week to go, and there's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks right now. due back later in the week. one possibility is a partial deal on taxes while putting off an agreement on spending, therefore kind of kicking some of the can down the road, once again. >> and that seems to be what congress is good at. no problem ever gets solved. there's no grand bargain. we heard that term tossed around. seems like we just do a little bit and then say oh, we'll get to it by summer and get to it by th
. >>> only one week to go, and there's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not,...
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lawmakers left for the holiday with the country on the edge of the fiscal cliff. danielle nottingham, cbs news washington. >> it was quite a year. we've going to -- we're going to have more reviews in the last hour. at 8:45 we will take a look at the international news stories of 2012. that is going to be on the cb channel 44, cable 12. >>> for the moment let's look ahead. mcathy labs expects hacking to mobile devices to expand. they might that stuff. the company is especially concerned about so-called ransom ware. it's a type of virus that locks up a phone or tablet and threatens to keep it that way until a ransom is paid. other concerns for mobile customers include trojan horse programs to buy apps without user permission and the hacking of digital wallets. a decline in attacks by hackers because their technical sophistication has grown. >> that's quite the target. >>> it's a murder that even a big city like new york everybody is in shock. >> the arrest of a man pushed to his death at a subway station. ,,,,,,,,,,,,,, a man in front of a subway >>> a woman in new
lawmakers left for the holiday with the country on the edge of the fiscal cliff. danielle nottingham, cbs news washington. >> it was quite a year. we've going to -- we're going to have more reviews in the last hour. at 8:45 we will take a look at the international news stories of 2012. that is going to be on the cb channel 44, cable 12. >>> for the moment let's look ahead. mcathy labs expects hacking to mobile devices to expand. they might that stuff. the company is especially...
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Dec 27, 2012
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also concerns about the fiscal cliff. the president and congress return to d.c. retailers are doing a much better job of controlling inventory. muchstores don't have so merchandise left over that they need to clear out. netflix will introduce social features next year. a bill that would move restrictions on companies sharing customers rental histories. netflix customers can share which movies they watch an facebook. i'm a ellen braitman from bloomberg news. >> thank you so much. >> 37 degrees at the airport. keith mills will have sports coming up. >> don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> here is a look at last night's winning maryland lottery numbers. >> now insta-weather plus and traffic pulse 11 together. >> time to take a look at your morning commute. we are dealing with what roads -- wet roads. wind warnings are in effect at
also concerns about the fiscal cliff. the president and congress return to d.c. retailers are doing a much better job of controlling inventory. muchstores don't have so merchandise left over that they need to clear out. netflix will introduce social features next year. a bill that would move restrictions on companies sharing customers rental histories. netflix customers can share which movies they watch an facebook. i'm a ellen braitman from bloomberg news. >> thank you so much. >>...
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the fiscal cliff is a battle of ideological wills. some americans feel strongly that increasing taxes hurts the economy. quite possible that it will. but the central question is whether it will hurt all that much to raise income taxes a little bit on the highest earners in the country. well, to push the country to the edge of a recession over this is irresponsible. the increase will hardly affect the economy. but that's my opinion. and my opinion should count as much as anyone else's. the problem is that in washington one person's opinion carries disproportionate weight and that person is grover norquist. he's the head of americans for tax reform. they have got the pledge that mostly republican members of congress signed to say they won't increase taxes. now, understand this. the top marginal tax rate going from 35% to 39.6% is not a tax increase. it is a return to tax rates that would have taken place after the temporary bush tax cuts expired and got extended. so the way i see it, that cuts with designed to be temporary, but clearly
the fiscal cliff is a battle of ideological wills. some americans feel strongly that increasing taxes hurts the economy. quite possible that it will. but the central question is whether it will hurt all that much to raise income taxes a little bit on the highest earners in the country. well, to push the country to the edge of a recession over this is irresponsible. the increase will hardly affect the economy. but that's my opinion. and my opinion should count as much as anyone else's. the...
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even if you take the fiscal cliff off the table. the suggestion was actually that coming into this we're actually in a much better position given the housing situation, given some of the new energy things that are going on, that maybe all of this doom and gloom is unfounded. fair? unfair? >> fair. undoubtedly we're in a better position today than we were a year ago. the housing market has healed. companies, especially the big companies, are doing great. they have lots of cash, and consumer household balances are improving. so undoubtedly, the economy is healing slowly. but it's not healing at a critical mass. so unless government sorts out the headwinds, unless government corrects market failures and public goods issues, we're not going to have enough critical mass to get into higher growth, lower unemployment, and better income equality. that's the issue. >> that's the issue now. but mohamed, just going back and trying to figure out why the market hasn't reacted more strongly do this you think it's more of a bet on the fed than on
even if you take the fiscal cliff off the table. the suggestion was actually that coming into this we're actually in a much better position given the housing situation, given some of the new energy things that are going on, that maybe all of this doom and gloom is unfounded. fair? unfair? >> fair. undoubtedly we're in a better position today than we were a year ago. the housing market has healed. companies, especially the big companies, are doing great. they have lots of cash, and...
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cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first
cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point...
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Dec 26, 2012
12/12
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FBC
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you are right that the fiscal cliff is disadvantageous to the economy in terms of jobs and taxes but if we know we are going over the cliff that provides policy certainty that allows corporations to act within the certainty of the new tax regime that comes out of it and it will help the deficit. i am speaking anathema but that is certainty. shibani: 70 -- dennis: something wins and the economy could make stocks right at some point. thank you very much, jim laventhol. here's one retail segment that did great. gun, rifle and ammunition sales are skyrocketing following the backlash against guns at the connecticut elementary school. the world's largest supplier of firearms says it sold 3.5 years worth of ammunition clips for automatic weapons in just three days and a gun shop owner north carolina says gun sales for christmas or four times better than last year. many customers blame talk of stricter gun control for driving the rush. unintended consequences. let's look at gun stocks. the images that so smith and wesson, they are down. the middle of their sales are probably up. shibani: one
you are right that the fiscal cliff is disadvantageous to the economy in terms of jobs and taxes but if we know we are going over the cliff that provides policy certainty that allows corporations to act within the certainty of the new tax regime that comes out of it and it will help the deficit. i am speaking anathema but that is certainty. shibani: 70 -- dennis: something wins and the economy could make stocks right at some point. thank you very much, jim laventhol. here's one retail segment...
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320
Dec 31, 2012
12/12
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CNNW
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fiscal cliff that the economy would go back into recession, unemployment would go from 7% to over 9%. that thousands of people would lose their jobs? >> no, wolf. i don't think there would be a permanent situation where we went over the fiscal cliff and nothing was done. my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic initiative to cut middle class taxes and also restore the spending cuts that really do need to be restored. especially for the middle class and the poor. under the present circumstances, we to some extent have the worst of both worlds. the president loses the bargaining advantage of having that fiscal cliff and also having the public behind him. and has given in to republican demands of moving that threshold from $250,000 over $450,000. >> we've got to leave it there. grover norquist and robert reich, thanks to both of you. i know you'll be joining us later tonight as well. >>> we're following other
fiscal cliff that the economy would go back into recession, unemployment would go from 7% to over 9%. that thousands of people would lose their jobs? >> no, wolf. i don't think there would be a permanent situation where we went over the fiscal cliff and nothing was done. my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic...